Registered in sourceSource release: August 2026 (v3)
Published definition
Compensation requested for value date correction.
Code set and usage
Payment compensation reason contains 1 registered code. Its exact identifier is ExternalPaymentCompensationReason1Code.
Specifies the reason for compensation for the processing of a payment, as published in an external code set. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.